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Inflation rate in the Euro Area decreased to 2.40% in March from 2.60% in February 2024, meets market expectation of 2.4%.
The Consumer Price Index increased 0.80% in March 2024 over the previous month.
The pace of price increases moderated for both food, alcohol & tobacco and non-energy industrial goods, while energy prices declined at a softer rate. Meanwhile, services inflation held steady at 4.0%.
The core rate, excluding volatile food and energy prices, also cooled to 2.9%, its lowest point since February 2022.
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